TORONTO, Dec. 23, 2013 /CNW/ - Morganti Legal, P.C., a cross border law firm
that represents investors is investigating whether Barclays plc (NYSE: "BCS"
and LSE: "BARC") misled investors about its investment quality between July
2007 and June 2012.
During June 2012, Barclays plc paid $450 million to resolve regulatory
investigations of its role in manipulating certain interest-rates, such as
LIBOR (London Interbank Offered Rate). On December 7, 2013, it was reported
that Ricardo Master Fund, a Barclays' offshore fund, profited over two hundred
million dollars from its interest rate derivative business linked to LIBOR.
These profits were never shared with Barclays' shareholders, yet, those
shareholders may have been economically injured when Barclays paid hundreds of
millions in regulatory fines in June 2012 and its stock dropped more than 10%
on news of the fines. It appears that Barclays delisted its Ricardo Master
Fund just weeks prior to paying the $450 million fine.
Morganti Legal, P.C. is evaluating possible claims on behalf of Canadians who
held Barclays' securities listed on the London Stock Exchange and New York
Stock Exchange. You may contact Andrew Morganti by telephone at (416)
800-2171 or by email at email@example.com for further information.
Morganti Legal, P.C. is a law firm that investigates, litigates and resolves
economic and financial disputes. You may learn more about Morganti Legal,
P.C., at www.morgantilegal.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
SOURCE Morganti Legal, P.C.
To view this news release in HTML formatting, please use the following URL:
CO: Morganti Legal, P.C.
-0- Dec/23/2013 13:01 GMT
Press spacebar to pause and continue. Press esc to stop.